Government Policy and Financial Incentives Will Combine to Drive Energy Efficiency Retrofits in Public and Commercial Buildings, According to Pike Research

BOULDER, Colo. --(Business Wire)--

Energy efficiency retrofits to existing commercial and public buildings
represent a rapidly growing market that will benefit building owners,
tenants, communities, and the environment. While most energy efficiency
retrofits take place because the building owner is looking to reduce
energy costs, government policy is a growing influence. States, cities,
municipalities, and the federal government are providing incentives to
those who may not previously have considered retrofitting their
commercial properties for increased energy efficiency. According to a
recent report from Pike
Research, a part of Navigant's Energy Practice, the combination of
financial benefits and government policies will drive rapid growth in
the market for energy efficiency retrofits over the remainder of the
decade.

This global market for energy efficiency retrofits in the commercial
building sector will expand from $80.3 billion in 2011 to $151.8 billion
by 2020, the study concludes.

"While some players in the commercial housing market have found their
way to energy efficient buildings through benevolent motivations and the
promise of global benefits, many more require policy and regulatory
requirements or incentives to inspire them to enter the energy efficient
retrofit market," says senior research analyst Eric Bloom. "Sometimes
these retrofits are encouraged through incentives or ratings programs
that reward the most efficient buildings. More often, government
agencies encourage higher efficiency buildings by educating the
companies buying and selling buildings about the effect that the
buildings will have on the environment and, more importantly, on their
utility costs."

The products and services offered to address energy efficiency retrofits
can be grouped into several categories: heating, ventilation, and air
conditioning (HVAC), lighting, commissioning, control, solar, water
management, andbuilding envelope, as well as offerings from energy
service companies (ESCOs). These products are being supplied by an
ever-increasing number of companies that wish to establish a place in
this growing industry. ESCOs currently make up the largest portion of
the energy efficiency retrofit market, but the fastest growing segments
over the next eight years will be solar power and water management,
according to the report.

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The report, "Energy
Efficiency Retrofits for Commercial and Public Buildings", examines
the global market landscape for energy efficiency retrofits in
commercial and public buildings, including analysis and forecasts for
eight different building types as well as eight product and service
categories. The report covers key industry drivers by world region
including regulatory and policy factors as well as market-based factors
and economic considerations. More than 50 industry players are profiled
in depth and energy efficiency retrofit revenue forecasts, segmented by
world region and key countries, extend through 2020. An Executive
Summary of the report is available for free download on the Pike
Research website.

Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.

* The information contained in this press release concerning the
report, "Energy Efficiency Retrofits for Commercial and Public
Buildings," is a summary and reflects Pike Research's current
expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report's conclusions and the methodologies
used to create the report. Neither Pike Research nor Navigant undertakes
any obligation to update any of the information contained in this press
release or the report.